SPIRIT OF NORWAY AS

4317 SANDNES

Finances

Share Ownership

Return on Equity

14,27 %

Current Ratio

1,2

Debt-to-Equity Ratio

0,2

Key figures (NOK)	2022	2021	2020	2019
Revenue	11 927 000	10 149 000	10 114 000	5 237 000
Net Income	141 000	84 000	593 000	25 000
Total Assets	5 278 000	5 249 000	5 847 000	3 326 000
Total Equity	988 000	847 000	763 000	169 000

Income (NOK)	2022	2021	2020	2019
Revenue	11 927 000	10 149 000	10 114 000	5 237 000
Expenditure	11 730 000	10 025 000	9 343 000	5 164 000
Operating Profit	197 000	123 000	772 000	75 000
Financial Income	83 000	32 000	48 000	13 000
Financial Costs	100 000	43 000	60 000	38 000
Financial Balance	−17 000	−11 000	−12 000	−25 000
Earnings Before Tax	181 000	111 000	761 000	50 000
Tax	40 000	27 000	167 000	25 000
Net Income	141 000	84 000	593 000	25 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	355 000	594 000	699 000	584 000
Total Current Assets	4 923 000	4 655 000	5 148 000	2 742 000
Total Assets	5 278 000	5 249 000	5 847 000	3 326 000
Total Retained Equity	958 000	817 000	733 000	139 000
Total Equity	988 000	847 000	763 000	169 000
Total Long-Term Debt	197 000	507 000	630 000	462 000
Total Current Debt	4 093 000	3 894 000	4 454 000	2 696 000
Total Equity and Debt	5 278 000	5 249 000	5 847 000	3 326 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	11 919 000	10 149 000	10 104 000	5 235 000
Other Income	8 000	0	11 000	2 000
Revenue	11 927 000	10 149 000	10 114 000	5 237 000
Cost of Goods Sold	5 799 000	4 686 000	4 149 000	2 412 000
Salary Costs	2 407 000	2 111 000	2 075 000	1 011 000
Depreciation	68 000	150 000	136 000	112 000
Impairment	0	0	0	0
Expenditure	11 730 000	10 025 000	9 343 000	5 164 000
Operating Profit	197 000	123 000	772 000	75 000
Financial Income	83 000	32 000	48 000	13 000
Financial Costs	100 000	43 000	60 000	38 000
Financial Balance	−17 000	−11 000	−12 000	−25 000
Dividends	0	0	0	0
Net Income	141 000	84 000	593 000	25 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	38 000	38 000	38 000	38 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	0	0
Fixtures	288 000	526 000	631 000	517 000
Total Tangible Assets	288 000	526 000	631 000	517 000
Total Fiancial Fixed Assets	30 000	30 000	30 000	30 000
Total Fixed Assets	355 000	594 000	699 000	584 000
Stock	3 211 000	1 150 000	1 931 000	1 024 000
Total Investments	0	0	0	0
Cash, Bank	1 315 000	2 762 000	2 723 000	928 000
Total Current Assets	4 923 000	4 655 000	5 148 000	2 742 000
Total Assets	5 278 000	5 249 000	5 847 000	3 326 000
Total Equity	988 000	847 000	763 000	169 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	197 000	507 000	630 000	462 000
Creditors	1 318 000	878 000	797 000	673 000
Unpaid Taxes	170 000	232 000	1 092 000	146 000
Dividends	0	0	0	0
Other Current Debt	2 565 000	2 752 000	2 398 000	1 853 000
Total Current Debt	4 093 000	3 894 000	4 454 000	2 696 000
Total Equity and Debt	5 278 000	5 249 000	5 847 000	3 326 000

Financial indicators	2022	2021	2020	2019
Return on Equity	14,27 %	9,92 %	77,72 %	14,79 %
Debt-to-Equity Ratio	0,2	0,6	0,83	2,73
Operating Profit Margin	1,65 %	1,21 %	7,63 %	1,43 %
Current Ratio	1,2	1,2	1,16	1,02
Quick Ratio	5,58	1,7	2,04	1,64
Equity Ratio	0,19	0,16	0,13	0,05
Gross Profit Margin	51,38 %	53,83 %	58,98 %	53,94 %